Acceleware (CVE:AXE) Stock Price Down 4% – Here’s What Happened

Acceleware Ltd. (CVE:AXE) shares traded down 4% during mid-day trading on Thursday . The stock traded as low as C$0.12 and last traded at C$0.12. 18,500 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 24,549 shares. The stock had previously closed at C$0.13.

Acceleware Price Performance

The stock has a market capitalization of C$14.21 million, a PE ratio of -12.00 and a beta of 0.79. The company has a debt-to-equity ratio of 16.42, a current ratio of 0.19 and a quick ratio of 0.53. The stock’s fifty day moving average is C$0.13 and its 200-day moving average is C$0.12.

About Acceleware

Acceleware Ltd. operates as an oil and gas technology company in Canada and the United States. The company operates through two segments, RF Heating and High-Performance Computing. It develops an enhanced heavy oil and oil sands production technology based on radio frequency (RF) heating; and develops and markets computational software products for the oil and gas, and other markets.